Abbreviated Company Accounts - MAG INSULATED RENDER SYSTEMS LIMITED

08260675 MAG INSULATED RENDER SYSTEMS LIMITED 2014-10-31 false 2013-11-01 2014-10-31 true 08260675 2013-11-01 2014-10-31 08260675 2014-10-31 08260675 2013-10-31 08260675 uk-gaap-cd-bus:Director1 2013-11-01 2014-10-31 08260675 uk-gaap-cd-bus:Director2 2013-11-01 2014-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-11-01 2014-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-10-31 iso4217:GBP shares

Registered Number 08260675

MAG INSULATED RENDER SYSTEMS LIMITED

Abbreviated Accounts

31 October 2014

MAG INSULATED RENDER SYSTEMS LIMITED Registered Number 08260675

Abbreviated Balance Sheet as at 31 October 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	2,532	3,375
		2,532	3,375
Current assets
Debtors		9,325	1,184
Cash at bank and in hand		2	65
		9,327	1,249
Creditors: amounts falling due within one year		(10,956)	(4,414)
Net current assets (liabilities)		(1,629)	(3,165)
Total assets less current liabilities		903	210
Total net assets (liabilities)		903	210
Capital and reserves
Called up share capital	3	1	1
Profit and loss account		902	209
Shareholders' funds		903	210

For the year ending 31 October 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 6 July 2015

And signed on their behalf by:
Martin Teague, Director

MAG INSULATED RENDER SYSTEMS LIMITED Registered Number 08260675

Notes to the Abbreviated Accounts for the period ended 31 October 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Plant and machinery 25% reducing balance
Motor vehicles 25% reducing balance

2Tangible fixed assets

	£
Cost
At 1 November 2013	4,500
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 October 2014	4,500
Depreciation
At 1 November 2013	1,125
Charge for the year	843
On disposals	-
At 31 October 2014	1,968
Net book values
At 31 October 2014	2,532
At 31 October 2013	3,375

3Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
1 Ordinary shares of £1 each	1	1